Wednesday, Oct 24, 2007

Some loans classified as prime when they were originated are now going bad at a rapid pace.

Wall Street Journal: Countrywide's New Scare

Subprime mortgages aren't the only challenge facing Countrywide Financial Corp., the nation's biggest home-mortgage lender. Some loans classified as prime when they were originated are now going bad at a rapid pace.

Posted by chris @ 11:46 AM (173 views) Add Comment

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